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Varchild2008 (85.12)

GOOG to $500 a share? See? I told you so!!!



July 16, 2009 – Comments (6) | RELATED TICKERS: GOOGL

Analysts analyzing GOOGLE's earnings report today are already talking about Google going to $500 a share before the end of the year.

Gee?  Where do I remember hearing that said before?  Oh I know... from MYSELF!  I said it $400 a share was a bargain for Google and $500 a share was where the stock was headed before the end of this year.  Probably much higher now than $500 cause GOOGLE is producing earnings far better today than when it was $700+ a share.

Is it too late to get into GOOG tomorrow? today?   nope....

As long as GOOG remains below $700.... GOOG = Strong Buy!

6 Comments – Post Your Own

#1) On July 16, 2009 at 4:20 PM, SkepticalOx (98.81) wrote:

You mean the same analysts who said GOOG was going to $700, $800, $900, $1000 before the market crashed? I wouldn't be suprised if GOOG goes to $500 if the market goes up. 

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#2) On July 16, 2009 at 4:31 PM, Varchild2008 (85.12) wrote:

Those analysts will proove to be true.. I mean give it time GOOG will keep finding ways to innovate and increase their earnings and justify themselves to be $800 - $1000 a share.

The problem is that short termers  LAUGH at an analyst thinking they are wrong....but those analysts were taking the LONG VIEW and over the LONG HAUL... I am willing to bet it will be the naysayers that will eat crow.

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#3) On July 16, 2009 at 4:31 PM, mustbepatient (< 20) wrote:

I think $500 for GOOG is possible before this rally ends, but I think it is a long way from retaking $700 unless high-speed inflation comes sooner than I think.

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#4) On July 16, 2009 at 4:38 PM, anticitrade (98.65) wrote:

I think you should actually be right BEFORE saying "see I told you so".  I am not saying that you are going to be wrong, but earning bragging rights for some undocumented person agreeing with you seems like a pretty liberal interpretation of being right.

So I guess you see Google growing at this speed indefinatly?

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#5) On July 16, 2009 at 4:42 PM, SkepticalOx (98.81) wrote:

Really VAR? Last time I checked most analysts gave 12-month price targets. Regardless, how long is the long view? People don't laugh at analysts... Just that they're wrong more often than they are right, when their purpose is to give their clients research so that they can beat the market. Ontop of that, they all herd around the same recommendations and rarely give sell recommendations.

And seriously, where's your reasoning besides "oh, they'll do more R&D" at why GOOG is worth $700+ a share? 

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#6) On July 16, 2009 at 6:02 PM, bridgeboy0 (29.05) wrote:

I'm sorry to report that GOOG is not doing well in the after hours trading (I green-thumbed it so I really am sorry).  Of course, if anyone has been looking for an entry point, this may give them an opportunity.

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